Which of the Following Refers to Governance by Countervailing Powers

question 23

Multiple Choice

Which of the following refers to governance by countervailing powers?

• A) Frequent use of meetings to determine organizational direction
• B) Majority opposition controls leader direction
• C) Strong adherence to constitutions in determining rights and processes
• D) Limits on discretion resulting from significant ongoing organized potential opposition

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Definitions:

Perfectly Elastic

A market situation where a small change in price leads to an infinite change in the quantity demanded or supplied.

Supply Curve

A graph depicting the relationship between the price of a good and the quantity of the good that suppliers are willing and able to sell, typically upward sloping.

Price Elasticity

A measure indicating the degree to which product demand is affected by price shifts.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price over a specified period.